On average, listings lease in the $30's per square foot per year. The South Norwalk submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Fairfield market, the South Norwalk submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 9 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 1986 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst South Norwalk folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.